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The IMF and management of capital flows: the long road towards a pragmatic approach

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  • J. Ramos-Tallada.

Abstract

The IMF’s traditionally “orthodox” doctrine on capital movement liberalisation and management has developed over time into a more pragmatic stance that takes greater account of the concerns of recipient economies. Its new approach is based to a greater extent on empirical research and on the experiences of member countries, and reflects growing international consensus among G20 countries.

Suggested Citation

  • J. Ramos-Tallada., 2013. "The IMF and management of capital flows: the long road towards a pragmatic approach," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 31, pages 63-85, Autumn.
    • Handle: RePEc:bfr:quarte:2013:31:04
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    1. repec:ocp:rpaper:pp-15/08 is not listed on IDEAS
    2. Beck, Roland & Reinhardt, Dennis & Rebillard, Cyril & Ramos-Tallada, Julio & Peeters, Jolanda & Paternò, Francesco & Wörz, Julia & Beirne, John & Weissenseel, Lisa, 2015. "The side effects of national financial sector policies: framing the debate on financial protectionism," Occasional Paper Series 166, European Central Bank.
    3. repec:ecb:ecbops:2014166 is not listed on IDEAS
    4. Ezzahid, Elhadj & Maouhoub, Brahim, 2014. "Capital account liberalization and exchange rate flexibility: Scenarios for the Moroccan case," Economics Discussion Papers 2014-18, Kiel Institute for the World Economy (IfW Kiel).
    5. Bruno Cabrillac & Clément Marsilli & Sophie Rivaud, 2020. "De la libéralisation à la gestion des flux de capitaux internationaux," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 269-298.
    6. EZZAHID, Elhadj & MAOUHOUB, Brahim, 2015. "Capital account liberalization and Moroccan macroeconomic performances," MPRA Paper 67627, University Library of Munich, Germany.

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    More about this item

    Keywords

    capital flows; capital account liberalisation; IMF; globalisation; emerging countries;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F6 - International Economics - - Economic Impacts of Globalization

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